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GMC to build an electric pickup and more business news

This Feb. 11, 2016 file photo shows the GMC logo on display at the Pittsburgh International Auto Show in Pittsburgh. General Motors is recalling more than 400,000 pickup trucks in the U.S. because the side air bags can explode without warning and spew parts into the cabin, Friday, July 9, 2021. The recall covers certain 2015 and 2016 Chevrolet and GMC Sierra 1500, 2500, and 3500 trucks. (AP Photo/Gene J. Puskar)
This Feb. 11, 2016 file photo shows the GMC logo on display at the Pittsburgh International Auto Show in Pittsburgh. General Motors is recalling more than 400,000 pickup trucks in the U.S. because the side air bags can explode without warning and spew parts into the cabin, Friday, July 9, 2021. The recall covers certain 2015 and 2016 Chevrolet and GMC Sierra 1500, 2500, and 3500 trucks. (AP Photo/Gene J. Puskar) This Feb. 11, 2016 file photo shows the GMC logo on display at the Pittsburgh International Auto Show in Pittsburgh. General Motors is recalling more than 400,000 pickup trucks in the U.S. because the side air bags can explode without warning and spew parts into the cabin, Friday, July 9, 2021. The recall covers certain 2015 and 2016 Chevrolet and GMC Sierra 1500, 2500, and 3500 trucks. (AP Photo/Gene J. Puskar)

GMC to build electric pickup

General Motors said Monday it will add an all-electric pickup to its GMC brand – beyond the GMC Hummer EV pickup due out in the fourth quarter.

In a media call Monday, top GMC executives said the additional electric pickup will be a full-size truck. But they stopped short of giving timing, price, where it will be assembled and if it will be called the Sierra – after the current full-size pickup GMC sells – or given a new moniker.

This new GMC EV pickup joins a growing market segment as Ford Motor Co. has plans for an all-electric F-150, Chevrolet said it will offer an all-electric Silverado and newer automakers such as Tesla, Rivian and Lordstown Motors say they also are bringing electric pickups to market.

“It is a big segment and represents about 15% of the entire retail industry and that’s been growing,” said Duncan Aldred, vice president of Buick and GMC brands.